KCS/USDT (Testing Daily Resistance)

💎Technical Analysis Summary💎


KCS/USDT

-The daily timeframe is showing a little good sign in terms of price action
-The bulls are forming a series of Higher Lows while testing an area of resistance
-I'm expecting this triangle will somehow decide its market direction in the next few days
-If the buyers can takeout and hold above 10 dollars, then that would be a signal to move up
-Key level to watch is the upward trendline of support around 9 dollars is a must-hold situation
-I will give an update once new data is developed
-Good luck traders!




KCS is the native token of KuCoin, launched in 2017 as a utility token that allows traders to share the growth benefit of the exchange.
The total supply of KCS was set at 200 million, and there is a planned buyback and burn until just 100 million KCS remain.
KCS broke a new all-time high on December 1, 2021, reaching $28.77. Another significant milestone for KCS is the development of KCC.
KCS is the only fuel and native token for KCC and can be used to pay gas fees and support the development of projects built on KCC.


For more info about KCS, please visit the link under my Signature Field.


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Send me a message here PolarHusk😊
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